Sectorally, buying was seen in consumer durables, realty, consumer discretionary, power as well as utilities while some profit booking was seen in the FMCG index.
We have collated stocks from various experts for traders who have a short-term trading horizon:
Expert: Rajesh Palviya, VP – Technical & Derivatives Research Axis Securities to ET Bureau
Avenue Supermarts: Buy| Target Rs 4,200| Stop Loss Rs 3,650
The stock has been forming a series of higher tops and higher bottoms on the hourly chart. It is sustaining above the crucial short-term moving averages such as 20, 50-Day SMA which is a positive sign for the bulls.
Insecticides India: Buy| Target Rs 1020| Stop Loss Rs 849
On the weekly charts, the stock recorded a “Rounding Bottom” formation breakout. It is trading above all crucial moving averages such as 20, 50, 100, and 200-Day SMA which is a positive sign for the bulls.
Hero MotoCorp: Buy| Target Rs 3055| Stop Loss Rs 2730
The stock is making a series of higher tops and higher bottoms formations on the daily charts. It also registered a breakout from the “Cup & Handle” pattern.
Expert: Kunal Bothra, Market Expert told ETNow
Hero MotoCorp: Buy| Target Rs 3000| Stop Loss Rs 2650
Asian Paints: Buy| Target Rs 2950| Stop Loss Rs 2800
Expert: Nooresh Merani, independent technical analyst told ETNow
Bharti Airtel: Buy| Target Rs 730| Stop Loss Rs 685
ICICI Bank: Buy| Target Rs 770| Stop Loss Rs 715
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
